ETMarkets Evening Podcast: Will bears take back control now?
Hi there! You are listening to ETMarkets Evening Podcast
This is Abhinav Kaul and I will take you through the motions of today’s session on Dalal Street and bring you cues and trading tips from market veterans for the upcoming trading sessions.
The bears came in full force on Thursday and thrashed the bulls black and blue on Dalal Street, as investors turned cautious ahead of September quarter GDP data.
Widening fiscal deficit data further dampened market sentiments in the second half of the day.
BSE Sensex tanked 453 points to settle at 33,149 with Dr Reddy’s being the top gainer and Kotak Mahindra Bank, the worst laggard.
Nifty50 index shed 135 points to close at 10,227, with 39 constituents ending in the red.
Sensex and Nifty witnessed their biggest single-day fall since September 22.
Banking stocks fell the most which saw Nifty PSU Bank index plunging over 2 per cent to 3,856.65 with all the 12 constituents ending in the red.
Sanjeev Jain of Ashika Stock Broking sums up the day’s market proceeding for you in this exclusive chat with ETMarkets.com.
Byte 1: Sanjeev Jain
Shares of Britannia witnessed the biggest spike in open interest, followed by Apollo Hospitals and Petronet LNG.
Anup Chandak of Sharekhan gives you a lowdown on the F&O market.
Byte 2: Anup Chandak
Nifty index opened negative and witnessed sustain selling pressure for most part of the session. It continued its weakness for third consecutive sessions and corrected towards 10200 zones.
We have with us Milan Vaishnav from Gemstone Equity Research and Advisory to give us some insights on Nifty behaviour on the charts.
Byte 3: Milan Vaishnav
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast on Friday. Have a wonderful evening ahead.
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Via:: Economic Times – Stocks